JPC Nuveen Preferred and Income Opportunities Fund

Nuveen Preferred & Income Opportunities Fund

SAI dated March 18, 2021, as supplemented

Nuveen S&P 500 Dynamic Overwrite Fund

SAI dated July 28, 2021, as supplemented

Nuveen Municipal Credit Opportunities Fund

SAI dated March 24, 2021, as supplemented

Nuveen Nasdaq 100 Dynamic Overwrite Fund

SAI dated May 1, 2021, as supplemented

Chair/Co-Chair of the Board: Thomas J. Kenny was elected as Co-Chair of the Board for a one-year term ending on December 31, 2024. Terence J. Toth was elected as Co-Chair of the Board for a six-month term ending on June 30, 2024. Robert L. Young was elected as Co-Chair of the Board for a six-month term from July 1, 2024 through December 31, 2024.

Membership of Board Committees: The Board retained the seven standing committees applicable to each Fund as described in its SAI and the members of each committee are listed below.

Board Member Compensation: Effective January 1, 2024, for their service to the Nuveen Fund Complex (defined below), Board members receive a $350,000 annual retainer, plus they receive (a) an annual retainer of $30,000 for membership on the Audit Committee and Compliance, Risk Management and Regulatory Oversight Committee, respectively; and (b) an annual retainer of $20,000 for membership on the Dividend Committee, Investment Committee, Nominating and Governance Committee and Closed-End Fund Committee, respectively. In addition to the payments described above, the Chair/Co-Chair of the Board receives $140,000 annually; the chair/co-chair of the Audit Committee and the Compliance, Risk Management and Regulatory Oversight Committee receive $30,000 annually; and the chair/co-chair of the Dividend Committee, Investment Committee, Nominating and Governance Committee and Closed-End Fund Committee receive $20,000 annually. Board members will be paid either $1,000 or $2,500 for any ad hoc meetings of the Board or its standing committees depending upon the meeting’s length and immediacy. For any special assignment committees, the chair/co-chair will be paid a quarterly fee of $1,250 and members will be paid a quarterly fee of $5,000. The annual retainers, fees and expenses of the Board are allocated among the funds in the Nuveen Fund Complex on the basis of relative net assets, although a minimum amount may be established to be allocated to each fund. In certain instances fees and expenses will be allocated only to those funds that are discussed at a given meeting.

Fund Officers: The Board approved the following slate of officers:

Name, Business Address

and Year of Birth

Position(s)

Held

with the Fund

Term of Office

and Length of

Time Served

with Funds in the

Fund Complex

Principal Occupation(s)

During Past Five Years

David J. Lamb

333 West Wacker Drive

Chicago, IL 60606

(1963)

Brett E. Black

333 West Wacker Drive

Chicago, IL 60606

(1972)

Name, Business Address

and Year of Birth

Position(s)

Held

with the Fund

Term of Office

and Length of

Time Served

with Funds in the

Fund Complex

Principal Occupation(s)

During Past Five Years

Mark J. Czarniecki

901 Marquette Avenue Minneapolis, MN 55402 (1979)

Jeremy D. Franklin

8500 Andrew Carnegie Blvd.

Charlotte, NC 28262

(1983)

Term—Indefinite

Length of Service—

Since 2024

Name, Business Address

and Year of Birth

Position(s)

Held

with the Fund

Term of Office

and Length of

Time Served

with Funds in the

Fund Complex

Principal Occupation(s)

During Past Five Years

Diana R. Gonzalez

8500 Andrew Carnegie Blvd.

Charlotte, NC 28262

(1978)

Nathaniel T. Jones

333 West Wacker Drive

Chicago, IL 60606

(1979)

Brian H. Lawrence

8500 Andrew Carnegie Blvd.

Charlotte, NC 28262

(1982)

Tina M. Lazar

333 West Wacker Drive

Chicago, IL 60606

(1961)

Brian J. Lockhart

333 West Wacker Drive

Chicago, IL 60606

(1974)

Name, Business Address

and Year of Birth

Position(s)

Held

with the Fund

Term of Office

and Length of

Time Served

with Funds in the

Fund Complex

Principal Occupation(s)

During Past Five Years

John M. McCann

8500 Andrew Carnegie Blvd.

Charlotte, NC 28262

(1975)

Name, Business Address

and Year of Birth

Position(s)

Held

with the Fund

Term of Office

and Length of

Time Served

with Funds in the

Fund Complex

Principal Occupation(s)

During Past Five Years

Kevin J. McCarthy

333 West Wacker Drive

Chicago, IL 60606

(1966)

Name, Business Address

and Year of Birth

Position(s)

Held

with the Fund

Term of Office

and Length of

Time Served

with Funds in the

Fund Complex

Principal Occupation(s)

During Past Five Years

Jon Scott Meissner

8500 Andrew Carnegie Blvd.

Charlotte, NC 28262

(1973)

James Nelson III

730 Third Avenue

New York, NY 10017

(1976)

Term— Indefinite

Length of Service—

Since 2024

Mary Beth Ramsay

8500 Andrew Carnegie Blvd.

Charlotte, NC 28262

(1965)

Term—Indefinite

Length of Service—

Since 2024

William A. Siffermann

333 West Wacker Drive Chicago, IL 60606

(1975)

Name, Business Address

and Year of Birth

Position(s)

Held

with the Fund

Term of Office

and Length of

Time Served

with Funds in the

Fund Complex

Principal Occupation(s)

During Past Five Years

E. Scott Wickerham

8500 Andrew Carnegie Blvd.

Charlotte, NC 28262

(1973)

Mark L. Winget

333 West Wacker Drive

Chicago, IL 60606

(1968)

Name, Business Address

and Year of Birth

Position(s)

Held

with the Fund

Term of Office

and Length of

Time Served

with Funds in the

Fund Complex

Principal Occupation(s)

During Past Five Years

Rachael Zufall

8500 Andrew Carnegie Blvd.

Charlotte, NC 28262

(1973)

Term – Indefinite Length of Service –

Since 2022